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Global Factory Activity

All articles tagged with #global factory activity

economy2 years ago•3 min saved

Global Manufacturing Slumps as China's Economic Slowdown Hits Hard

Global factory activity contracted in July, with the euro zone, Japan, South Korea, and other Asian countries experiencing a decline in manufacturing activity. The downturn is attributed to slowing growth and weakness in China, which is impacting the world economy. The euro zone saw the fastest contraction in manufacturing activity since the onset of COVID-19, with notable weakness in Germany, France, and Italy. China's private PMI fell for the first time since April, while Japan, South Korea, Taiwan, and Vietnam also experienced a contraction. The challenges faced by policymakers include balancing aggressive tightening cycles to control inflation while preventing potential recessions.

via Reuters|

#china #economy #euro-zone

economy2 years ago•4 min saved

Global Manufacturing Slumps as China's Growth Falters

Global factory activity remained in a slump in July, with private surveys showing a contraction in manufacturing activity in various regions. The slowdown in growth and weakness in China were identified as key factors impacting the world economy. The euro zone, including Germany, France, and Italy, experienced significant manufacturing contractions, while the UK also saw a decline in factory output. Asian countries such as Japan, South Korea, Taiwan, and Vietnam also faced manufacturing contractions due to sluggish Chinese demand. However, the Americas, including the US, Canada, Brazil, and Mexico, showed relative stability in factory activity, with Mexico even experiencing expansion to a seven-year high.

via Yahoo Finance|

#china #economic-downturn #economy

business2 years ago•3 min saved

Global demand slump weakens Asia's factory activity.

Global factory activity weakened in March due to rising living costs, leading to consumers cutting back. Although factories across the euro zone saw a further decline last month, the cost of manufacturing fell for the first time since mid-2020. Export-reliant Japan and South Korea both saw manufacturing activity contract in March while growth in China stalled, highlighting the challenge facing Asia as authorities try to keep inflation in check and fend off headwinds from slackening global economic momentum.

via Reuters|

#asia #business #economic-recovery